i https//canvas.wayne.edu/courses/82967/assignments/620895 Discussions The ledge

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i https//canvas.wayne.edu/courses/82967/assignments/620895 Discussions The ledger of American Company has the following work in process account. Work in Process-Painting WileyPLUS Support Collaborations Chat Echo360 Balance Materials Labor 3,790 5/31 7.030 5,648 1.580 Transferred out 5/31 5/31 5/31 5/31 Balance Office 365 Class Notebook Library Resources McGraw Hil Production records show that there were 500 units in the beginning inventory, 30% complete, 1,600 units started, and 1.500 units transferred out. The beginning work in process had materials cost of $ 2.840 and conversion costs of $ 950. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process. X Your answer is incorrect How many units are in process at May 31? Work in process, May 31 44 I units eTextbook and Media 13 AM e here to search

Explanation / Answer

Number of units in Work in process, May 31

= Number of units to be accounted for - transferred out units

= (number of units in the beginning WIP + Units started during the month) - Transferred out units

=(500+1600)-1500

=600 units

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